ASUS had a couple of interesting products displayed at CES 2013: VivoTab Smart, Transformer AiO and Qube, but the Taiwan-based company has unveiled a new product this week, as well, the ASUS MeMo Pad.

Unlike the previous model, MeMo 171, the new ASUS MeMo Pad is a 7-inch tablet for those who don’t want to spend all their money on a gadget like this.

ASUS claims that, since it has a starting price of about $150, the tablet is a high quality product that comes with an accessible price tag.

The MeMo Pad tablet runs Android 4.1 Jelly Bean out of the box and it’s powered by a VIA WM8950 processor clocked at 1 GHz, helped by a Mali-400 graphics processing unit.

The 7-inch LED display has a resolution of 1,024 x 600 pixels, with a density of 170 ppi, and 10-points multitouch capabilities. ASUS claims that the display that was fitted on the MeMo Pad has a viewing angle of 140 degrees and a brightness of 350 nit, values that are supposed to bring great performance under direct sunlight.

MeMo Pad features 1 GB of RAM and it can be equipped with either 8 or 16 GB of internal storage, expandable using the microSD card slot with support for up to 32 GB.

Just like the other gadgets developed by the Taiwanese brand, ASUS MeMo Pad comes with 5 GB of ASUS WebStorage.

The tablet also has a camera placed on the front panel with a 1 megapixel sensor. Even thought the camera is there for Internet video calls, the 1 megapixel sensor can also record HD (720p) videos at 30 fps.

ASUS included a 4,270 mAh Li-polymer battery which will provide an autonomy of 7 hours.

Regarding the connectivity features of ASUS MeMo Pad, learn that the tablet comes with WiFi 802.11n, microUSB and 3.5 mm audio jack. The 7-inch slate doesn’t come with Bluetooth and it only sports an accelerometer, but ASUS said that the technical specs list might be improved by the time its hits the market.

ASUS MeMo Pad will hit the store shelves as of January, available in three body color options: Sugar White, Titanium Gray and Cherry Pink.

Since it’s a budget product, the tablet will most likely hit the emergent markets first, being a rival for Acer’s Iconia B1, a tablet that was officially announced at CES 2013.